[Form 4] Madison Square Garden Entertainment Corp. Insider Trading Activity

Rhea-AI Filing Summary

Taki Layth, reported as SVP, Controller and PAO of Madison Square Garden Entertainment Corp. (MSGE), received a grant of 6,583 restricted stock units (RSUs) on 08/25/2025 under the companys 2023 Employee Stock Plan. Each RSU represents a right to one share of Class A Common Stock or a cash equivalent. The RSUs are scheduled to vest and settle in three equal installments on September 15, 2026, September 15, 2027 and September 15, 2028. Following the transaction the reporting person beneficially owns 6,583 shares directly.

Insights

Financial Analyst

TL;DR: Officer received a time-vested award of 6,583 RSUs, vesting over three years, recorded as direct beneficial ownership.

The filing documents a standard equity-based compensation grant of 6,583 RSUs under the 2023 Employee Stock Plan, dated 08/25/2025. Each RSU entitles the holder to one share of Class A Common Stock or cash equivalent, and vesting is scheduled in three equal installments on 09/15/2026, 09/15/2027 and 09/15/2028. The report shows the reporting persons beneficial ownership after the grant as 6,583 shares, held directly. The disclosure is routine for executive compensation and provides transparency on timing and size of the award.

Corporate Governance Expert

TL;DR: The Form 4 discloses a typical multi-year RSU grant to a named officer with defined vesting dates and direct ownership.

The submission identifies the reporting person as SVP, Controller and PAO and records a grant of 6,583 RSUs under the companys 2023 Employee Stock Plan, with settlement terms explicitly stated. Vesting in three equal annual installments is specified, and the instruments conversion right (one RSU per share or cash equivalent) is documented. The filing was signed by an attorney-in-fact on 08/27/2025, satisfying reporting formalities. The disclosure meets Section 16 reporting requirements for officer equity changes.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Taki Layth

(Last) (First) (Middle)

2 PENNSYLVANIA PLAZA

(Street)

NEW YORK NY 10121

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Madison Square Garden Entertainment Corp. [ MSGE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Controller and PAO

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	08/25/2025		A		6,583		(2)	09/15/2028	Class A Common Stock	6,583	$0.0	6,583	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") is granted under the Madison Square Garden Entertainment Corp. 2023 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.

2. The RSUs are scheduled to vest and settle in three equal installments on September 15, 2026, September 15, 2027 and September 15, 2028.

	/s/ Mark C. Cresitello, Attorney-in-Fact for Layth Taki	08/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did MSGE insider Taki Layth receive on 08/25/2025?

The reporting person was granted 6,583 restricted stock units (RSUs) on 08/25/2025 under the 2023 Employee Stock Plan.

When do the RSUs granted to Taki Layth vest?

The RSUs vest and settle in three equal installments on September 15, 2026, September 15, 2027, and September 15, 2028.

What does each RSU represent for MSGE's grant?

Each RSU represents the right to receive one share of Class A Common Stock or the cash equivalent thereof.

How many shares does the reporting person beneficially own after the transaction?

Following the reported transaction the reporting person beneficially owns 6,583 shares, held directly.

Under which plan were the RSUs granted?

The RSUs were granted under the Madison Square Garden Entertainment Corp. 2023 Employee Stock Plan.